Tellusgruppen
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Tellusgruppen (TELLUS) investor relations material

Tellusgruppen Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary7 May, 2026

Executive summary

  • Revenue grew 5.0% year-over-year to 138.2 MSEK, entirely from organic growth, with all major segments contributing.

  • EBITDA reached 17.9 MSEK (margin 13.0%), slightly up from 17.4 MSEK last year, but margin declined due to lower government grants and higher external costs.

  • Net result per share improved to -0.11 SEK from -0.24 SEK year-over-year.

  • The group transitioned to IFRS reporting, enhancing transparency and comparability.

  • The number of children and students increased to 2,717, up 1.7% year-over-year.

Financial highlights

  • Operating income (EBIT) was 2.2 MSEK, up from 0.5 MSEK last year.

  • Cash flow from operations was 18.4 MSEK, down from 24.3 MSEK, mainly due to lower government grants and increased investments in the AI project Kentaur.

  • Liquidity at period end was 5.4 MSEK, compared to 11.4 MSEK last year.

  • Net debt/Adjusted EBITDA (excl. IFRS16) improved to 0.9x from 1.1x.

  • Solid equity ratio increased to 12.1% from 8.9% year-over-year.

Outlook and guidance

  • Continued focus on organic growth, operational efficiency, and selective acquisitions.

  • Launch of the AI-based Kentaur platform in preschools expected to drive cost savings and operational control, with potential for commercialization.

  • No formal financial forecasts provided.

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